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Nov 21, 2012
11/12
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economy and u.s. consumer and how much overhang is there, i don't know where you get the growth if you leave the private weight out there where it is today, doug? >> there's a lot to that. we tried to get transparency on the balance sheets, the dodd-frank, hardly finished, and there's a debate whether we did it well, but it cares for the financial plumbing and making sure it does not fall apart. >> no more corruption, it's cleaned out in your -- >> we'll have this conversation later. you know, but, things happen there. the bigger problem is the flip side. not that much debt, houses add value, matched up, thought they were okay. now, we realize people don't save enough. that's. true for a long time. that's what we never fixed. that's what drives the fact we had the financial problems, that's what is driving the fact that we have the problems, the return to financial investments, going up worldwide, paired with low cost labor everywhere. americans don't have any way to take advantage of that. we have th
economy and u.s. consumer and how much overhang is there, i don't know where you get the growth if you leave the private weight out there where it is today, doug? >> there's a lot to that. we tried to get transparency on the balance sheets, the dodd-frank, hardly finished, and there's a debate whether we did it well, but it cares for the financial plumbing and making sure it does not fall apart. >> no more corruption, it's cleaned out in your -- >> we'll have this conversation...
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Nov 28, 2012
11/12
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CSPAN2
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economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger problem is the flip side. they match that. now we realize people don't save. that is central for along time. that is the thing we never fixed and that is driving of affect we have financial problems and the fact we have big problems, return to financial messes going up worldwide for cost of labor everywhere, americans don't have anything to take advantage of. equally wide. we will fight a land war in asia over tax issues we will never fix the inequality problem if we don't get ahead. >> steve? >> there are a lot of issues we need to
economy and the u.s. consumer and i look at how much debt overhang is out there i don't know where you grow if you lead the private dimension out there where it is today. >> there's a lot to that but obviously we are trying to get transparency on the balance sheets, we have done the dodd-frank, hardly finished, that takes care of the financial plummet, making sure it does not fall apart. [talking over each other] >> fundamentally corrupt. things haven't been there. the bigger...
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Nov 27, 2012
11/12
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CSPAN2
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but there is just no doubt economies matter. whether it has been leon panetta or bob gates or admiral mullen, the constant focus is on this. it does raise the question. someone made the comment that america's sources of power today, it is the size of the pentagon and those devil is actually had a bigger problem than us. but i would be interested in when you're thinking about policy, do you look at that the source of leverage, or did this restrain american options in terms of what you can do? >> with respect to the deficit and debt of the national security liability, we need our senior leadership and the ability to take it on. we have an opportunity to do so, we have a requirement to do so. the requirement and foundation of national power is ultimately economic in terms of global influence. and in terms of supporting the military. we have, i think, members of the house will step up in the coming months. >> how did you look at your surplus of the united states? do they say that we have america under control because of the treasury
but there is just no doubt economies matter. whether it has been leon panetta or bob gates or admiral mullen, the constant focus is on this. it does raise the question. someone made the comment that america's sources of power today, it is the size of the pentagon and those devil is actually had a bigger problem than us. but i would be interested in when you're thinking about policy, do you look at that the source of leverage, or did this restrain american options in terms of what you can do?...
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Nov 24, 2012
11/12
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KCSM
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he then spoke of future goals for china, which is already the world's second largest economy. hu spoke bluntly of china's regional aspirations and territorial disputes with japan and other countries. hu jintao served two terms as the communist party secretary general for a total of ten years. what does this decade mean to china? >> china has faced many domestic and diplomatic challenges over the past decade, and the president, hu jintao's leadership. >> hu promoted what he called the concept of scientific development. aimed to create a harmonious society. it will be a process for slower growth. the hu administration avoided a $2-million-year-old tax based on farmers' harvest. it was part of the president's effort to narrow the economic gap between urban and rural areas. hu also worked toward a sweeping consultation of coal mines and chemical plants, which resulted in a reduction in pollution. but the president hasn't been able to control china's income disparity or corruption among its bureaucrats, and so public anger with the government is snarling. migrant workers in cities
he then spoke of future goals for china, which is already the world's second largest economy. hu spoke bluntly of china's regional aspirations and territorial disputes with japan and other countries. hu jintao served two terms as the communist party secretary general for a total of ten years. what does this decade mean to china? >> china has faced many domestic and diplomatic challenges over the past decade, and the president, hu jintao's leadership. >> hu promoted what he called...
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Nov 21, 2012
11/12
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CSPAN2
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we have been able to help lead the opening of the global economy. we have been able to create some positive dynamic in the wake of the global economy is developed, and without america pushing, what are the alternatives? to we really want the chinese economic model has kind of the new view of how the world economy is going? >> of course business in general you want to support. as you look at the jobs growth, it actually is not from small business or big business. young, high growth of to the real business. open a restaurant. >> it is me on the head. >> you have to focus, not just small business. small business and large businesses great. the future of america will be young hunter bernard accompanies. jobs axed to death, startup act. to make sure we remain a startup nation. >> just for a quick moment, it built around the world again. i ask people what they think the sources of american power of art, the pentagon or the size of the federal debt. if you are the biggest debtor in the world that gives you a certain power. are you optimistic that these can
we have been able to help lead the opening of the global economy. we have been able to create some positive dynamic in the wake of the global economy is developed, and without america pushing, what are the alternatives? to we really want the chinese economic model has kind of the new view of how the world economy is going? >> of course business in general you want to support. as you look at the jobs growth, it actually is not from small business or big business. young, high growth of to...
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Nov 22, 2012
11/12
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CNBC
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it's not the progressive nature of the economy. it is a group who you you can use as a whipping boy if you'd like. and that's really being used in the banks in terms of the western economy, as the currency in terms of the lgp and monetary policy. >> who would have thought we would have such a good discussion about japan. >> it's interesting that the yen has now been back on the front page of markets at least for a few sessions. which i guess for the european politicians meeting in brussels, it's probably -- >> trying to bone up on who the japanese prime minister is. >> exactly. just before we let you go, i want to get your view because i mentioned it on high yield. some people saying, look, it's done well. is it toppy, are you lightening up? >> so bond markets, a lot of nonsense about bond markets being in a bubble. and that's generally from strategists who completely fail to get the massive rally in the bond market over the last few years. and again going back to japan, one of the reasons why bonds have been in a massive rally is
it's not the progressive nature of the economy. it is a group who you you can use as a whipping boy if you'd like. and that's really being used in the banks in terms of the western economy, as the currency in terms of the lgp and monetary policy. >> who would have thought we would have such a good discussion about japan. >> it's interesting that the yen has now been back on the front page of markets at least for a few sessions. which i guess for the european politicians meeting in...
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Nov 21, 2012
11/12
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MSNBCW
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long term, you've got to have a growing economy to deal with problem we're dealing with. unfortunately, we think the proposals from -- some of the proposals from the democratic side are counterproductive. >> what do you consider counterproductive? what is a nonstarter for you? >> first of all, i'm not going to talk in terms of nonstarters. let's wait and see what the deal is. you have to let the negotiators do their job. i have a great deal of confidence in the speaker. it's hard for me to believe he would come back with a deal to present to the conference that i couldn't support. again, i trust him. but i think, you know, better not to raise rates. now, the president has a whip in his hand. if he wants rates to go up, he can raise them on everybody. he could have done that two years ago. i think he made a reasonable decision two years ago, extended the bush tax cults, got some things he wanted in exchange. i think the two sides can bargain together. even the debt ceiling isn't a bargain. it's an agreement. this idea that we don't know how to sit down and find middle grou
long term, you've got to have a growing economy to deal with problem we're dealing with. unfortunately, we think the proposals from -- some of the proposals from the democratic side are counterproductive. >> what do you consider counterproductive? what is a nonstarter for you? >> first of all, i'm not going to talk in terms of nonstarters. let's wait and see what the deal is. you have to let the negotiators do their job. i have a great deal of confidence in the speaker. it's hard...
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Nov 28, 2012
11/12
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CNBC
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so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt demanding that president mohamed morsi rescind his decision that granted him sweeping powers. they say it is reminiscent of the mubarak era, sending this country back to dictatorship. for the past five days, police have clashed with protesters, firing tear gas and beating them at times. more importantly, they are demanding that egypt's new constitution is one that reflects the diversity of egypt, not the sole control of the muslim brotherhood. many of the people here are angered by what they say is the attempt by the muslim brotherhood and the
so it's not a very open economy. and actually, a lot of these problems are more domestic than they are external. >> that's a fascinating point. i want to come back to you in a second. in egypt, tens of thousands have taken to the streets of cairo last night to protest against the decree by the egyptian president mohamed morsi that grants him sweeping constitutional powers. >> reporter: hundreds of thousands of egyptians have poured into tahrir square and cities all across egypt...
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Nov 21, 2012
11/12
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CSPAN
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economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point that voters will be looking to see if they can do this in a cooperative manner, whether it would be chaotic. it would be important to see that leaders can tackle the big problem and it does not run up against the deadline. a lot of people noticing that he said it's not just that doing this will prevent something bad from happening but that if congress and the president can resolve this quickly and look like they can do it in a cooperative way, it could be a fairly big boom to the economy next year. host: is the headl
economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they do it, making a point...
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Nov 21, 2012
11/12
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KCSM
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he must ensure the rapid and stable growth of the economy. he also has to rein in local government investments. >>> some adults have to get used to electronic gadgets such as smartphones, but many children take to them naturally. now here starting to use smartphones and the apps designed for them to get even smarter. >> 31-year-old yishi and her daughter live in tokyo. she is just a year and ten months old and already she is preoccupied with mom's smartphone. this app is a favorite. she touches a drawing of an animal and a photo of it pops up on the screen and then it makes a sound. the app's maker decided to advance the intellect of young children. she started playing with her mother's smartphone just two or three months after she was born. now she uses six different educational apps. >> translator: it is really helpful for times when i can't give her my complete attention or when she starts throwing a tantrum in public. i hand it to her and instantly she gives it all of her attention. >> reporter: the youngsters at this nursery school are a
he must ensure the rapid and stable growth of the economy. he also has to rein in local government investments. >>> some adults have to get used to electronic gadgets such as smartphones, but many children take to them naturally. now here starting to use smartphones and the apps designed for them to get even smarter. >> 31-year-old yishi and her daughter live in tokyo. she is just a year and ten months old and already she is preoccupied with mom's smartphone. this app is a...
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of the economy because you don't have the prospects of the oil sector driving growth in the way it did in the two thousands prices rose volumes rose and you've got this sort of six to eight percent growth for a decade on the back of that now we're in a world in which the argument is are we going to have plateau or oil nobody goes i want to talk about peak oil market but all we are we going to are we going to stay with you know all production roughly. where it is a will it fall so there's not going to be a source of growth but russia wants to grow it aspires to catch up and we have virtually no us and so you've got this new investment policy that the president's talking about. privatization improving the investment climate to try and make investment increased investment and more effective investment the driver of growth in the economy and that's good i think i think that's a sensible policy and it doesn't preclude trying to expand your export group routes expand your supplies to asia both oil and gas but can co-exist with it dimitri is the russian government doing the right thing for fo
of the economy because you don't have the prospects of the oil sector driving growth in the way it did in the two thousands prices rose volumes rose and you've got this sort of six to eight percent growth for a decade on the back of that now we're in a world in which the argument is are we going to have plateau or oil nobody goes i want to talk about peak oil market but all we are we going to are we going to stay with you know all production roughly. where it is a will it fall so there's not...
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huge positive deal that is important not just for russia's energy sector but for the entire russian economy the global energy map is changing in a dramatic fashion the international energy agency has recently published its world energy outlook two thousand and twelve it projects the world demand for energy resources more than triple by twenty to thirty five and sixty percent of those growth will be concentrated in china india and the middle east with almost ninety percent of middle eastern oil flowing to asia the us iraq is said to become the second largest oil producer and the lead in all supplier to china the world's leading edge of storage it says the u.s. is on course to replace so directly or as a largest oil producer by around twenty twenty the united states which currently imports around twenty percent of that startle engineer. is predicted to become all but self-sufficient in that sounds dramatic reversal of the energy transfer seen in most other energy imports and can trace much of this is based on unconventional methods of fracturing sites or shale rock she also projects hotly deb
huge positive deal that is important not just for russia's energy sector but for the entire russian economy the global energy map is changing in a dramatic fashion the international energy agency has recently published its world energy outlook two thousand and twelve it projects the world demand for energy resources more than triple by twenty to thirty five and sixty percent of those growth will be concentrated in china india and the middle east with almost ninety percent of middle eastern oil...
SFGTV2: San Francisco Government Television
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Nov 21, 2012
11/12
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SFGTV2
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the economy is somewhat under $2 trillion. there is dynamic wealth creation in many respects. since the time i was last governor, a lot of people and businesses have moved elsewhere or the have died, gone out of business. also, a lot of people have moved here by the millions. we have 38 million people. people thought the green was here a and we have -- and we have all kinds of businesses. twitter, google, zynga, it is pretty incredible. what has happened. a lot of things going on. our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billio
the economy is somewhat under $2 trillion. there is dynamic wealth creation in many respects. since the time i was last governor, a lot of people and businesses have moved elsewhere or the have died, gone out of business. also, a lot of people have moved here by the millions. we have 38 million people. people thought the green was here a and we have -- and we have all kinds of businesses. twitter, google, zynga, it is pretty incredible. what has happened. a lot of things going on. our budget,...
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Nov 29, 2012
11/12
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CSPAN2
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this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> .. for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic growth. we have lots of different sectors. i thought i would hear the answer that you hear from business leaders of the time, which is a -- any more transparency, predictability, and more regulatory coherence. i am not sure if you remember. everyone ended up saying all of the things i mentioned are important to business, but people said -- everyone agreed about access to skilled work force. i found that surprising. what are the kinds of things that the private sector and government can do to build the kind of work force our economy will require in the future? >> this is -- i was not surprised
this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> .. for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic...
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Nov 26, 2012
11/12
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economy. >> well, now washington and the world can breathe a sigh of relief. the horrible crisis that would occur if we defaulted, the likelihood of recession has been averted, but we have a lot more work to do. a lot more work to do. the bill, which had things that were mentioned, had a lot of things we did not like. it had some things we like, but it really making sure no benefits in medicare, -- social security, and medicaid were cut. but, it is now time for congress to get back to the regularly- scheduled programming, and that means jobs. washington has been consumed with averting default, the nation's unemployment problem has been worsening. it is time for jobs to be moved back to the front burner. with the debt reduction package completed, we now have a single- minded focus on jobs for september by removing the threat of default for the next 18 months and by proving both parties can come together to get our deficit under control we have provided certainty to the credit markets. the debt
economy. >> well, now washington and the world can breathe a sigh of relief. the horrible crisis that would occur if we defaulted, the likelihood of recession has been averted, but we have a lot more work to do. a lot more work to do. the bill, which had things that were mentioned, had a lot of things we did not like. it had some things we like, but it really making sure no benefits in medicare, -- social security, and medicaid were cut. but, it is now time for congress to get back to the...
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Nov 29, 2012
11/12
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CNBC
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you need grow the economy. >> the question is can we grow the economy like we have in the past. some people question whether 2007 was just a big bubble. you're right the 8.5% in gdp is his totorically what we bring i but you have to find some way to change the deficit and we have for the got p baten back to any of growth. >> it's because you all the borrowing has scared consumers, scared business investors. so what you really need is if president obama ran on a balanced plan, okay, he won, so maybe the reality is some tax rate will question up, but the problem with that is our deficit last year was $1090 billion large. my point to president obama is where is the other part of your balanced plan. how are you into to go restrain or close the additional trillion dollars worth of deficit. >> you want to see entitlements tackled. in th if that were the case, would you then go on the tax rate on the richest americans? >> i'm not going to answer hypotheticals and negotiate here on the set. what we need to do is see the president's plan. i've done enough negotiations in business to unde
you need grow the economy. >> the question is can we grow the economy like we have in the past. some people question whether 2007 was just a big bubble. you're right the 8.5% in gdp is his totorically what we bring i but you have to find some way to change the deficit and we have for the got p baten back to any of growth. >> it's because you all the borrowing has scared consumers, scared business investors. so what you really need is if president obama ran on a balanced plan, okay,...
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Nov 26, 2012
11/12
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it is the engine of that global power is its economy. the global economy floats on a salt water. it is beginning to shift its focus to a much more maritime- flavored one. for canada as a maritime nation, it's in our interest to ensure -- to enable china as it emerges to become part of the globalized system and make a better as opposed to pushing it to a point of instability upon which would be very adverse to the flow of trade. 90% of world trade by volume floats. china is very much interested in canadian energy and national -- and natural resources. we're very much interested in building strategic trust and cooperation with china. from a naval perspective, i will give you an anecdote -- your referring to this attack two months ago. i attended the western naval symposia hosted by malaysia and had the opportunity to sit between the vice -- the deputy commander of the people's liberation army and navy and the commander of the ambassadors maritime self-defense force. a euphemism for the japanese navy. that was at a time when the island dispute was on cnn and bbc. i thought as i was
it is the engine of that global power is its economy. the global economy floats on a salt water. it is beginning to shift its focus to a much more maritime- flavored one. for canada as a maritime nation, it's in our interest to ensure -- to enable china as it emerges to become part of the globalized system and make a better as opposed to pushing it to a point of instability upon which would be very adverse to the flow of trade. 90% of world trade by volume floats. china is very much interested...
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Nov 29, 2012
11/12
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CSPAN2
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this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> that is stop production for us in d.c. we will continue to fight that battle. you joined us for a roundtable. cnbc did a roundtable in chicago i will share with our guest -- as a question -- ask what the biggest impediment was to economic growth. we have lots of different sectors. i thought i would hear the answer that you hear from business leaders of the time, which is a -- any more transparency, predictability, and more regulatory coherence. i am not sure if you remember. everyone ended up saying all of the things i mentioned are important to business, but people said -- everyone agreed about access to skilled work force. i found that surprising. what are the kinds of things that the private sector and government can do to build the kind
this is a small, open a economy. it is a trade dependent economy. more than the united states. individual trade decisions can be controversial. the concept of being part of the global economy is not a challenging concept. the united states is still the core of the world trading system. i am surprised at the level of protectionist discord. >> that is stop production for us in d.c. we will continue to fight that battle. you joined us for a roundtable. cnbc did a roundtable in chicago i will...
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Nov 24, 2012
11/12
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FOXNEWSW
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this is still 70% a consumer economy. people need money in their pockets in order to purchase things and drive the economy forward and right now, that's not happening because wages have gone down per capita dramatically over the last couple of generations, and also, look, a couple of other quick points. the strongest economy in the world have the highest level of unionization in northern europe and we far stronger-- >> i know that europe is the-- >> hold on, let's, i just want to get to jonas quickly. jonas, do you think that unions are negotiating their way out of jobs? there's certainly room for unions at certain time, but is now that time? >> the time was about 35 years ago. unfortunately, the way the global economy's changing, it's very difficult to negotiate anything as a union and that's why unionization rates in the private sector are shrinking and will continue to shrink. you can't fight the global markets, and difficult to negotiate the benefit packages people use today get 20, 30, 40 years ago, to ease he to mov
this is still 70% a consumer economy. people need money in their pockets in order to purchase things and drive the economy forward and right now, that's not happening because wages have gone down per capita dramatically over the last couple of generations, and also, look, a couple of other quick points. the strongest economy in the world have the highest level of unionization in northern europe and we far stronger-- >> i know that europe is the-- >> hold on, let's, i just want to...
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Nov 21, 2012
11/12
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CSPAN2
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economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government less. >> unfortunately, we're out of time to want to thank you all for coming today. please join me in thanking our panelists for this terrific presentation. [applause] [inaudible conversations] >> tonight in primetime we get a closer look at the presidential election. we have from president obama's former campaign manager and republican strategist steve smith. that's and university of delaware and starts at 8 p.m. eastern. here on c-span2, author mark friedman talks about how more baby boomers are entering
economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government...
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Nov 25, 2012
11/12
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FBC
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but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they wer down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with saring tuition and crying ful. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you lock p.m. eastern time and now bac to forbes on fox. just in time for the college football. new report shows that coaches are scoring big-time. froof them making two million bucks a season and a lot of parents and students are calling for cuts to help cut college costs. john, you say that is good for schools and students. you got to explain. this is a flip side. >> absolutely. parents and students need to relax and realize that football coaches get a fraction of all of the money. donations go up that pra
but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they wer down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with saring tuition and crying ful. but some in the forbes team say it is it great for students and could...
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Nov 21, 2012
11/12
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CNBC
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bernanke knows how the economy is. falling off the cliff will send the economy back into the kind of recession a country does not quickly recover from. if you heard what the chairman was saying even without going over the fiscal cliff he is not expecting vibrancy. he is telling congress it is time to do your jobs. the fed has risked the value of our currency with massive money printing to compensate for washington's dysfunction. mr. bernanke made it clear congress and the president own this fiscal cliff. it is on them to overt the crisis. take a look at the day on wall street. the dow jones finished up. and the s&p 500 up 30 and a quarter points on the session. volume very light. markets closed tomorrow. half a day on friday. thank you for being with us for all of us here at the closi"clo bell." >> follow us on twitter. . >>> it's almost thanksgiving and in the world and wall street we have lots to be thankfu
bernanke knows how the economy is. falling off the cliff will send the economy back into the kind of recession a country does not quickly recover from. if you heard what the chairman was saying even without going over the fiscal cliff he is not expecting vibrancy. he is telling congress it is time to do your jobs. the fed has risked the value of our currency with massive money printing to compensate for washington's dysfunction. mr. bernanke made it clear congress and the president own this...
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Nov 24, 2012
11/12
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FOXNEWSW
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but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you don't want to miss and that's next d. ♪ [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> live from america's head quarters. i am healther childers. new develop am
but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and...
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Nov 21, 2012
11/12
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CNBC
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economy rising oil prices, rising gas prices. with the fiscal cliff, that would have been a real problem for the u.s. economy, so this is very positive, but the oil market will be key in this. if the oil market reverses and goes higher and closes green on the day, that will tell you that the markets do not believe this cease fire's going to hold. we've had several of these over the last, well, thousands of years, but let's call it ten years for now, that have broken. watch oil. that is your key. >> investors seem at least willing to trust the headline because the dow industrials have added a bit more to the gains we have seen. there's a look at the dow, up 47 days. coming up, the soda stream ceo on how to manage a global company in times of uncertainty. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some o
economy rising oil prices, rising gas prices. with the fiscal cliff, that would have been a real problem for the u.s. economy, so this is very positive, but the oil market will be key in this. if the oil market reverses and goes higher and closes green on the day, that will tell you that the markets do not believe this cease fire's going to hold. we've had several of these over the last, well, thousands of years, but let's call it ten years for now, that have broken. watch oil. that is your...
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Nov 23, 2012
11/12
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CNBC
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economy. i thinkist the moguling being throw in front of it, our self-inflected issues, you know, last time around we sequestration. are we going to have sequestration 2? of course we'll put a band-aid, but we need leverage to have reform predicated to surrender on the band-aid. >>> we've got to go, guys. i've got to go with this. we've got to move on. this is the last hour of trading, so we've got to move here. thank you for your thoughts today. steve, thank you, you're voting on a committee of politicians. i find hope in that somehow. >> yeah. you're in the hopeful camp. >> hoping at the last moment they will do the right thing. >> was that a pig that just flew by? the market is slowly coming off the lows. >> instead the last time the markets closed in positive territory on black friday was 2008. let's see if we can do it again. we have full team coverage of where it's shaping up to be a jolly holiday season. >> our luxury or discount retailers. >>> and walmart workers threatening to walk of
economy. i thinkist the moguling being throw in front of it, our self-inflected issues, you know, last time around we sequestration. are we going to have sequestration 2? of course we'll put a band-aid, but we need leverage to have reform predicated to surrender on the band-aid. >>> we've got to go, guys. i've got to go with this. we've got to move on. this is the last hour of trading, so we've got to move here. thank you for your thoughts today. steve, thank you, you're voting on a...
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Nov 27, 2012
11/12
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CNBC
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. >> so with all the good news on the economy out today, still no rally for stocks. is it really still all about the fiscal cliff for investors right now? let's talk about that in our clo"closing bell" exchange. steve liesman will have breaking news momentarily. steve, do you have that? >> yes, i do. what we have is a report from the new york fed on consumer finance. what the news shows is that overall, consumer credit outside of real estate is up just a bit. most of that, by the way, is student loan debt, being up about $42 billion inside that $2.7 trillion number. overall, mortgage debt is down and overall debt is down. the basic gist of the details, bill, is that consumer credit continues to decline overall. delinquencies are down and bankruptcies are down. balance sheet repair continues. a little bit more willingness of the consumer to take on some debt and a lot of it -- >> that's very interesting, steve. let me ask you something, david. >> i want to make one more point, which is that when you talk about how much the dow is down today, it should be down more bec
. >> so with all the good news on the economy out today, still no rally for stocks. is it really still all about the fiscal cliff for investors right now? let's talk about that in our clo"closing bell" exchange. steve liesman will have breaking news momentarily. steve, do you have that? >> yes, i do. what we have is a report from the new york fed on consumer finance. what the news shows is that overall, consumer credit outside of real estate is up just a bit. most of that,...
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Nov 25, 2012
11/12
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FBC
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but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and could lower tuition . there is it a flip side you there is it a flip side you [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register yo purchase online. have a super sparkly day! ok. [ male announcer now all you need is a magic carriage. citi price rewind. buy now. sa
but the over all economy. this is a large cost. look at current recovery since june 2009 and since that time median incomes are down 4600 on average. during the recession. they were down on average 2800. and so it was a great cost. >> and when you hear free from the government reach for your wallet and you will be paying for it if you are a taxpayer. college students and parents fed up with soaring tuition and crying foul. but some in the forbes team say it is it great for students and...
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Nov 25, 2012
11/12
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CSPAN
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and we shouldn't be concerned, in a sluggish economy like we have right now, because if you have an economy that's not growing, you won't bring as many workers. if you have a booming economy, you will bring more workers. let the market work. at the end. that's the only way we can fix this problem. in terms of legalization, i don't know exactly how that will be done. but what i'm seeing from my meetings in congress, this will probably be done in a piecemeal basis rather than a comprehensive basis, and at the end i don't know if we will get -- for those who have been here for many years or even for the young, undocumented immigrants who enter with their parents, the so-called dreamers, i don't know if we'll get to a path for citizenship for them. but certainly i think for them we can probably get to an alternative dream act, suggest by senator marco rubio. but in the end it's going to depend on the willingness from republicans but also from the president to actually sit down and negotiate. it's not only republicans. i know we've heard this a lot, that it's always the republicans that don't wa
and we shouldn't be concerned, in a sluggish economy like we have right now, because if you have an economy that's not growing, you won't bring as many workers. if you have a booming economy, you will bring more workers. let the market work. at the end. that's the only way we can fix this problem. in terms of legalization, i don't know exactly how that will be done. but what i'm seeing from my meetings in congress, this will probably be done in a piecemeal basis rather than a comprehensive...
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Nov 29, 2012
11/12
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FBC
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economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying
economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points...
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Nov 28, 2012
11/12
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economy. in the health-care system, whatever. most of the jobs are created in small enterprises, not in the big plants. he said to me, we have one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in the case of italy -- i must admit this is not possible because you need unanimity. it makes no sense that mario monti in italy wants to get a reduction of about 70 billion euros an effect in the budget, three or 4 million a year to finance the separate debt. this is a direct transfer of taxpayers' money into the pockets of speculators. i think the obstacles for the free-trade agreement are enormous. especially on the european side, in my eyes is more ideological founded than it is an expression of an appr
economy. in the health-care system, whatever. most of the jobs are created in small enterprises, not in the big plants. he said to me, we have one problem, we get no credit. no greek bank can give us the credit. this is the thing in spain and italy, the credit crunch is one of the biggest problems. my proposal is to go away from austerity by gaining trust by overcoming the credit crunch. and i think at the end, by helping those countries who are nevertheless under the attack of speculator. in...
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Nov 23, 2012
11/12
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KCSM
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. >>> indonesia is southeast asia's largest economy and it continues to grow. laborers are voicing demands for their own piece of the success. workers around the country are asking for higher pay to cope with the rising cost of living. our bureau in bangkok has the details. >> reporter: thousands of workers took to the streets of jakarta on thursday to demonstrate they oppose low wages and a plan to cover welfare costs. protesters gathered near the presidential palace and marched to the parliament building calling for an increase in the minimum wage. the indonesian economy grew by 6.5% last year, but with that growth comes a higher cost of living. demonstrators carried signs on the 2011 l requiring salary reductions to cover social security and health benefits. the law is expected to go into effect in 2014. but workers say those costs should remain the government's responsibility. similar protests have been recently held in other cities around the country as workers urge the government to protect them. one of the world's most famous traveled denations. now the
. >>> indonesia is southeast asia's largest economy and it continues to grow. laborers are voicing demands for their own piece of the success. workers around the country are asking for higher pay to cope with the rising cost of living. our bureau in bangkok has the details. >> reporter: thousands of workers took to the streets of jakarta on thursday to demonstrate they oppose low wages and a plan to cover welfare costs. protesters gathered near the presidential palace and marched...
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Nov 25, 2012
11/12
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CSPAN2
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eye 109
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i think that he set america's economy back eight, ten years. there's very good evidence now, and i call your attention to a study which is not widely cited. the study is one of the wage and hours act. and he shows that this act alone probably insured that we would never get pack to 1929 -- get back to 929 employment under roosevelt. basically he compares the hours work to business confidence and business expectations. and what he shows is that, um, the number of hours worked stayed -- went down, while the numbers -- i'm sorry, the number of workers stayed constant while the number of hours worked went down. they were going from ten full-time employees to five part-time employees, somewhere along those lines, and he finds 85-90% of the decline after 1934 when the first wage and hours act can be traced directly to this idea of a might minimum wa. in terms of all the other regulations, the excessive taxation, it's just one disaster after another. everyone -- and one of the things we do in "patriot's history" is we have a three-page chart that i've
i think that he set america's economy back eight, ten years. there's very good evidence now, and i call your attention to a study which is not widely cited. the study is one of the wage and hours act. and he shows that this act alone probably insured that we would never get pack to 1929 -- get back to 929 employment under roosevelt. basically he compares the hours work to business confidence and business expectations. and what he shows is that, um, the number of hours worked stayed -- went...
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Nov 24, 2012
11/12
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CNNW
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other sectors of the economy don't necessary sli that. manufacturers do. and every other country out there has incentives to attract manufacturing. whether it's the low road like china or the high road like germany f we're not in that game, we're going to be sitting on the sidelines and lose jobs. we've seen. that our manufacturing goods, trade deficit has gone up. >> that might be true that some play dirty, with don't we as well snt risk becomes that we encourage mal investment. all the things that make the united states unique and special over the past 100-odd years in the economy and that's innovation. and that's resilience had to do little with subsidies. little with special treatment but rather equal playing field. let's not corrupt what is made special to play dirty to keep up with the dirty players. >> i'm not suggest we go play dirty. i disagree with your economic history a little bit. every successful industry that's been incubated in the united states has been subsidized like sems and you can go back to the telegraph and find. that i think we hav
other sectors of the economy don't necessary sli that. manufacturers do. and every other country out there has incentives to attract manufacturing. whether it's the low road like china or the high road like germany f we're not in that game, we're going to be sitting on the sidelines and lose jobs. we've seen. that our manufacturing goods, trade deficit has gone up. >> that might be true that some play dirty, with don't we as well snt risk becomes that we encourage mal investment. all the...
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Nov 27, 2012
11/12
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FOXNEWSW
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in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the benefits are not overly generous on this thing but the key thing to keep in mind is, yes, you don't want these things to go on forever because people will then hold out for that job that may not be out there. so have a definite cuttoff date. people know they may have to take something they don't like at the beginning but that all focuses on we have to focus on getting this economy back on its feet. that is something that seems to beyond the capability of washington right now. bill: if you would argue for extending unemployment benefits, in all likelihood a guy like steve forbes will argue to get spending cuts to offset that increase? but there has not been a desire shown by washington, you know, to cut the spending to make the books matc
in terms of the economy, don't do it in the macro thing to help the economy. no. focus does it enable people to get through a rough patch and get people back on their feet. bill: or do you take the other argument and suggest the more unemployment you receive the less incentive it is for someone to actually find a job? >> well, the benefits are not overly generous on this thing but the key thing to keep in mind is, yes, you don't want these things to go on forever because people will then...
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Nov 23, 2012
11/12
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CNBC
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economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. people ate ice cream, relaxed with their kids. i've never seen a black friday like this before, but 8:00 hour worked really well for families. >> let's talk about sales. how did it go overnight? >> we're just starting. this is 5:00 a.m. on black friday morning. we're really just star
economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big...
SFGTV2: San Francisco Government Television
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Nov 28, 2012
11/12
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SFGTV2
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let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals that are younger and are energetic and they come from all over the world. we have to make sure our education system lifts them to their highest aspirations. when the society ages, it tends to -- it declines. that is the big demographic imperative. i was reviewing one of my favorite books on the roman republic. how did this village on the tiber grow to be the absolute leader of the known world in a few hundred years? it expanded its territory by plunder, by what ever. details. it was not pretty. [laughter] it added people, it kept getting bigger and incorporated the p
let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals...
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Nov 28, 2012
11/12
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FBC
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having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male
having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought...
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Nov 29, 2012
11/12
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CNNW
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to me, it seems like it constricts the economy to raise taxes. >> i want an honest answer here. have you bought a ticket? >> you know, i have never done that. i have done so many stupid things with money. but i've never done that one. >> well, you are missing out on a lot of fun. killjoy. >> it is good to talk to you. and you make a lot of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. t
to me, it seems like it constricts the economy to raise taxes. >> i want an honest answer here. have you bought a ticket? >> you know, i have never done that. i have done so many stupid things with money. but i've never done that one. >> well, you are missing out on a lot of fun. killjoy. >> it is good to talk to you. and you make a lot of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. to come home for the holidays....
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pound is about to collapse in the collapse of the british economy will be one of the biggest in modern economic history now many on twitter last night when i tweeted about the story and money we were saying well why. that piece doesn't account for is the g.d.p. are increasing g.d.p. they only know it's the increasing debt but that is one of the arguments we heard prior to ireland collapsing or prior to the housing market in california collapsing there is no expansion in g.d.p. paid g.d.p. is completely flat and it's down significantly from pre-crash so i don't understand what anybody is smoking if they say that g.d.p. isn't is improving plus the way g.d.p. is calculated of course misstates inflation horribly because i don't clued food and energy in that calculation so if if you include food and energy in the inflation deflator which results in the two g.d.p. number britain would be negative two three four percent right now but i was born lies just like in the us you have the office of statistics there lies through their teeth as does oss born us morning is an inveterate liar he lies ab
pound is about to collapse in the collapse of the british economy will be one of the biggest in modern economic history now many on twitter last night when i tweeted about the story and money we were saying well why. that piece doesn't account for is the g.d.p. are increasing g.d.p. they only know it's the increasing debt but that is one of the arguments we heard prior to ireland collapsing or prior to the housing market in california collapsing there is no expansion in g.d.p. paid g.d.p. is...
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Nov 27, 2012
11/12
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CNBC
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president obama meeting with small business leaders to talk about the fiscal cliff and economy. we'll go to the home state of one of the main congressional leaders involved in the talks. general motors doubles down on electric. is this a losing bet for the company? up to $500 million is all up for grabs in tomorrow's powerball lottery. we have some sound advice, investment advice for the lucky winner. hopefully it will be scott or one of the "fast money" guys. back to you guys. >> thank you so much. green mountain reports earnings after the close tonight. the sthook on a run lately, but is one of the most debated on the street. herb greenberg is here with what you should expect later this evening. i know you watch this as close as anybody does. it's a stock that's done quite well of late. new ceo being named. maybe he's going to be on the call or not because it's not technically the ceo. >> i don't think the company can aafford a bad quarter. >> can it ever? >> in this case really. last quarter the stock spiked after the company announced earnings and talked about how well they'
president obama meeting with small business leaders to talk about the fiscal cliff and economy. we'll go to the home state of one of the main congressional leaders involved in the talks. general motors doubles down on electric. is this a losing bet for the company? up to $500 million is all up for grabs in tomorrow's powerball lottery. we have some sound advice, investment advice for the lucky winner. hopefully it will be scott or one of the "fast money" guys. back to you guys....
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Nov 21, 2012
11/12
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CSPAN
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i have no economy. the only way to change the dynamic in my urban neighborhood is to have a more educated population. you've got the city leaders who realize their economy, their tax base is eroding with every kid who drops out. that is why you see the mayor emmanuels standing up and saying -- and just think about it. if he had allowed the same contract to go into place, does anyone think it would have changed the 40% dropout rate? piniella -- no. at some point, you've got to change it. >> talking about competition in china and india, is the model that we were taught that was built in the cultural age, the industrial age, is that sufficient for the current age? do they have the skills necessary to be entrepreneurs and innovators and to develop businesses that will bring our economy forward? >> that is a softball question are right? [laughter] and try not to jump out of my shoes on that. look, no. when we built this education , -- look,e 1993 model compa we built this education system because we were a f
i have no economy. the only way to change the dynamic in my urban neighborhood is to have a more educated population. you've got the city leaders who realize their economy, their tax base is eroding with every kid who drops out. that is why you see the mayor emmanuels standing up and saying -- and just think about it. if he had allowed the same contract to go into place, does anyone think it would have changed the 40% dropout rate? piniella -- no. at some point, you've got to change it....
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Nov 29, 2012
11/12
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CNNW
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to me, it seems like it constricts the economy to raise taxes. >> i want an honest answer here. have you bought a ticket? >> you know, i have never done that. i have done so many stupid things with money. but i've never done that one. >> well, you are missing out on a lot of fun. killjoy. >> it is good to talk to you. and you make a lot of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> i'll call you at 1:00 tonight and i'll tell you john, i have the best idea i have ever had. you want to come along and
to me, it seems like it constricts the economy to raise taxes. >> i want an honest answer here. have you bought a ticket? >> you know, i have never done that. i have done so many stupid things with money. but i've never done that one. >> well, you are missing out on a lot of fun. killjoy. >> it is good to talk to you. and you make a lot of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. sfx- "sounds of african...
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Nov 24, 2012
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i think there was very serious damage done to the economy and world economy by the approach as bush has done running up to this and obama has put on steroids. there were many problems with bush allowing the clinton changes with fannie mae and freddie mac to continue, to not be ended. and that was a very big problem. this hostility -- the tea party, i understand because they change the direction of the modern republican party to make it much more serious about spending and it was not before. >> how you fix it? complaining does not work. >> house republicans have already passed a budget that would work. the past an extension of the tax cuts that would work. you go in and have the conversations in front of the american people without ads about how romney is mean to dogs and cause cancer and actually talking about issues. i think that is the debate we need to have. we certainly did not have it in this last election. we can have it now. it is very helpful. i think at the end of the day we will make the right decision, partially because the democrats and terrified -- but cliff he -- obama is
i think there was very serious damage done to the economy and world economy by the approach as bush has done running up to this and obama has put on steroids. there were many problems with bush allowing the clinton changes with fannie mae and freddie mac to continue, to not be ended. and that was a very big problem. this hostility -- the tea party, i understand because they change the direction of the modern republican party to make it much more serious about spending and it was not before....